Meme Crypto Floki Inu Continues Rally and Rises 80%

Reading Time: < 1 minute

The price of the meme cryptocurrency Floki Inu (FLOKI), named after the dog Elon Musk, has grown by almost 80% over the last day and has renewed its all-time high at $0.00021552, according to CoinGecko.

At the moment, FLOKI is trading near $0.000202. The market capitalization of the cryptocurrency amounts to $1.88 billion.

On October 29, the project’s Twitter account announced 190,000 addresses are holders of FLOKI. By comparison, one of the leading meme cryptocurrencies, Shiba Inu (SHIB), has more than 839,000 addresses.

Since the Floki Inu ecosystem in the future will have its own metauniverse Valhalla and the NFT marketplace FlokiPlaces, one of the growth drivers could be yesterday’s Facebook announcement.

Valhalla aims to “bring mainstream and blockchain gaming together in one metaverse.” According to the project developers, they “are borrowing successful elements from games like Pokemon, Animal Crossing and Skyrim and bringing them to the blockchain.” The gaming platform will include interaction with NFT and play-to-earn mechanics.

The launch of the project is scheduled for 2022. FlOKI will become the main in-game currency.